Cheap Apartments for Rent in Monona, WI from $600 (53 Rentals)

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Search the lowest-cost Apartments available for rent right now in Monona.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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600 Femrite Dr
1 Bedroom Apartments

600 Femrite Dr

600 Femrite DrMonona, WI 53716
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Algoma Apartments
Studio to 2 Bedroom Apartments

Algoma Apartments

404 Algoma StMadison, WI 53704
  • Utilities Included
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358 E Lakeside St
1 to 2 Bedroom Apartments

358 E Lakeside St

358 E Lakeside StMadison, WI 53715
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Eastpointe
1 to 3 Bedroom Apartments

Eastpointe

309 Clyde Gallagher AveMadison, WI 53714
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Fair Oaks Apartments
Studio Apartments

Fair Oaks Apartments

3324 Milwaukee StMadison, WI 53714
  • Utilities Included
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1124 Jenifer St
1 to 2 Bedroom Apartments

1124 Jenifer St

1124 Jenifer StMadison, WI 53703
  • Utilities Included
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Enso Apartments
Studio Apartments

Enso Apartments

715 Rethke AveMadison, WI 53714
Showing Results 1-50, Page 1 of 2

Monona, WI Local Guide

Cheapest Available Monona Apartments for Rent

 

The cheapest available apartment rental in Monona, WI is a Studio unit found at Nature Valley Apartments in the Near East Side neighborhood priced from $925. Madison Mayfair Apartments in the Near East Side neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here is today’s list of the most affordable Monona apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Nature Valley ApartmentsStudioStudio,1BA$925
Madison Mayfair Apartments1 Bedroom1BR,1BA$1,000
The Life at Madison Grove2 BED 1 BATH2BR,1BA$1,000
Pirate Island ApartmentsStudioStudio,1BA$1,020
Sycamore WoodsThe Maple - 2 Bedroom2BR,1BA$1,036
Executive East Apartments1 Bedroom/1 Bathroom1BR,1BA$1,045
Eagle Harbor2 Bedroom 2 Bathroom2BR,2BA$1,064
Colonial Apartments1 Br1BR,1BA$1,095
Artisan VillageA41BR,1BA$1,128

Best Value Apartments for Rent in Monona, WI

As of September 09, 2025 the best value apartment in the Monona area is the $0.79 price per square foot Two-Bedroom (Income Restricted) Model at Heritage Monona Senior Apartments in the in the Pflaum Road neighborhood starting from $1,395. The second greatest value Monona apartment is the 2B/1.5bath Model at Glendale Townhomes starting at $1,785 with a $1.19 price per square foot in the Pflaum Road neighborhood. Here is today’s list of the best values for Monona apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Heritage Monona Senior ApartmentsTwo-Bedroom (Income Restricted)2BR,1BA$0.79
Glendale Townhomes2B/1.5bath2BR,2BA$1.19
Woods Edge Townhomes1203-23BR,1.5BA$1.21
Carbon at Union Corners3x2 Income restricted3BR,2BA$1.41
3322 Ridgeway Ave, Unit #13322 Ridgeway Ave2BR,1BA$1.29
Apartments of Riverwood, LLC2 Bedroom 1 Bath2BR,1BA$1.44
Executive East Apartments1 Bedroom/1 Bathroom1BR,1BA$1.16
Dutch Mill Homes3 Bedroom3BR,2BA$1.39
The Life at Madison Grove2 BED 1 BATH2BR,1BA$1.18
Colonial Apartments1 Br1BR,1BA$1.37

Quick Rent Budget Calculator

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Monona, WI Rentals by Map

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See the most popular apartments and homes in Monona, WI

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Getting Around Monona, WI

Walk Score®

59 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

61 / 100

Bikeable

Some bike infrastructure

Transit Score®

2 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Monona, WI Area Reviews

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Gwen • 4+ years in Monona

June 8, 2025

Monona is a safe & quiet community close to Madison. It's 8 minutes to the Dane County Courthouse. It's secluded from city life and sits next to 2 walking parks and Lake Monona. It's a wonderful place to live.

Frequently Asked Questions about Cheap Monona Apartments

What is the Cheapest Studio apartment in Monona?

Currently the most affordable Cheap Studio Apartment in Monona is at Nature Valley Apartments listed at $925.

How much is rent for a Cheap One Bedroom Monona Apartment?

The lowest price for a Cheap One Bedroom Monona Apartment is $1,000 at Madison Mayfair Apartments.

What is the lowest price for a Cheap Two Bedroom Monona Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Monona is starting from $1,000 at The Life at Madison Grove.

What is the most affordable Monona Three Bedroom Apartment?

The best deal on a cheap Monona Three Bedroom Apartment rental is at Dutch Mill Homes and starts from $1,250.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Experts Guide To 10 Budget-Friendly Neighborhoods to Rent in Madison

Written by: Mike Heuer

I’m Mike, your ApartmentHomeLiving.com local expert for Madison, Wisconsin. I lived and worked in Madison for several years before career opportunities took me elsewhere.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.